China is enhancing its economic ties with Latin America, exemplified by the inauguration of a $3.5 billion megaport in Peru, which will significantly reduce shipping times to China. This development is part of China"s Belt and Road initiative and positions China as a dominant trade partner in the region, challenging U.S. influence. Experts note that the port could lead to increased Chinese investment and revive discussions on a bioceanic corridor linking Peru and Brazil, further solidifying China"s strategic presence in Latin America.
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